After investing in journey app Maps.me and decentralized finance protocol Oxygen, Alameda Analysis will probably be placing $20 million into Reef F
After investing in journey app Maps.me and decentralized finance protocol Oxygen, Alameda Analysis will probably be placing $20 million into Reef Finance, the Polkadot-based DeFi platform.
In response to Reef Finance, Alameda Analysis will probably be buying $20 million value of the agency’s native tokens, REEF — roughly 528 million on the present value of $0.03787. The funding will reportedly permit the 2 firms to collaborate on know-how and technique “within the close to future.” Reef CEO Denko Mancheski added the extra funds would assist the agency develop DeFi purposes for the Reef blockchain.
The $20 million in Reef comes after a $40 million funding in Solana-based lending platform Oxygen and $50 million in Maps.me, a journey and mapping utility with greater than 140 million customers worldwide. With Reef, Alameda mentioned it was aiming for extra cross-chain integrations with Serum and Raydium on Solana.
Reef turned the primary Polkadot-based venture to debut on the Binance Launchpool in December. For the reason that starting of the 12 months, the value of REEF has risen greater than 150% from $0.014954 to $0.037808 on the time of publication.